Mercer Global Advisors Inc. ADV Buys Shares of 10,637 Vale SA (VALE)

Mercer Global Advisors Inc. ADV bought a new position in shares of Vale SA (NYSE:VALE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,637 shares of the basic materials company’s stock, valued at approximately $140,000.

A number of other institutional investors have also added to or reduced their stakes in VALE. SG Americas Securities LLC raised its holdings in shares of Vale by 2,582.3% in the 4th quarter. SG Americas Securities LLC now owns 672,370 shares of the basic materials company’s stock valued at $8,869,000 after purchasing an additional 647,303 shares in the last quarter. SPX Equities Gestao de Recursos Ltda raised its holdings in shares of Vale by 84.2% in the 4th quarter. SPX Equities Gestao de Recursos Ltda now owns 295,660 shares of the basic materials company’s stock valued at $3,900,000 after purchasing an additional 135,172 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Vale by 44.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,447,620 shares of the basic materials company’s stock valued at $58,664,000 after purchasing an additional 1,357,968 shares in the last quarter. Henry James International Management Inc. raised its holdings in shares of Vale by 415.6% in the 4th quarter. Henry James International Management Inc. now owns 95,453 shares of the basic materials company’s stock valued at $1,259,000 after purchasing an additional 76,940 shares in the last quarter. Finally, Wealthquest Corp acquired a new stake in shares of Vale in the 4th quarter valued at $222,000. Institutional investors own 19.23% of the company’s stock.

NYSE VALE opened at $11.51 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $62.61 billion, a P/E ratio of 6.35 and a beta of 1.10. Vale SA has a 12 month low of $10.89 and a 12 month high of $16.13.

Vale (NYSE:VALE) last posted its earnings results on Wednesday, March 27th. The basic materials company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.11. The firm had revenue of $9.81 billion for the quarter, compared to the consensus estimate of $10.67 billion. Vale had a net margin of 10.03% and a return on equity of 14.51%. On average, research analysts forecast that Vale SA will post 1.85 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on VALE shares. Exane BNP Paribas lowered shares of Vale from a “neutral” rating to an “underperform” rating in a report on Thursday, January 24th. Goldman Sachs Group started coverage on shares of Vale in a research report on Tuesday, February 19th. They issued a “neutral” rating on the stock. HSBC downgraded shares of Vale from a “buy” rating to a “hold” rating and dropped their target price for the company from $18.00 to $14.50 in a research report on Monday, January 28th. Jefferies Financial Group downgraded shares of Vale from a “buy” rating to a “hold” rating and dropped their target price for the company from $18.00 to $14.00 in a research report on Monday, January 28th. Finally, Barclays reaffirmed a “buy” rating and issued a $13.40 target price on shares of Vale in a research report on Thursday, February 7th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.76.

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Vale Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services; and provides related logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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